AFI Properties Ltd. (TLV:AFPR)

AFI Properties Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	1,066	988.53	798.27	617.06	555.5	405.91
Property Management Fees	375.26	329.7	270.29	268.49	189.34	127.09
Other Revenue	9.3	180.18	303.77	275.74	402.83	414.57
Total Revenue	1,451	1,498	1,372	1,161	1,148	947.56
Revenue Growth (YoY	-8.25%	9.19%	18.17%	1.19%	21.12%	7.76%
Property Expenses	492.74	520.23	612.59	592.86	567.5	477.95
Selling, General & Administrative	141.39	140.11	110.41	136.01	83.7	86.09
Other Operating Expenses	0.63	-0.79	-1.9	6.33	-2.61	-3.51
Total Operating Expenses	634.75	659.55	721.1	735.2	648.59	560.53
Operating Income	816.13	838.86	651.23	426.09	499.08	387.04
Interest Expense	-564.35	-560.57	-422.1	-340.25	-251.66	-148.94
Interest & Investment Income	-21.27	74.14	50.93	35.86	26.86	11.69
Income (Loss) on Equity Investments	176.94	132.66	33.16	50.4	89.57	12.76
Currency Exchange Gain (Loss)	-67.29	-67.29	93.29	80.07	-114.68	4.28
Other Non-Operating Income	78.94	-33.86	-201.03	-63.91	149.49	-20.81
EBT Excluding Unusual Items	419.11	383.95	205.48	188.26	398.67	246.01
Gain (Loss) on Sale of Investments	41.92	41.92	-	86	-	-
Asset Writedown	540.8	420.24	58.08	472.71	542.59	-194.47
Total Legal Settlements	-	-	-	-	-	-1.13
Other Unusual Items	4.5	10.5	3	-6.63	-9.3	-
Pretax Income	1,006	856.6	266.56	740.33	931.96	50.41
Income Tax Expense	207.21	186.71	53.27	152.65	143.31	32.24
Earnings From Continuing Operations	799.11	669.89	213.29	587.69	788.65	18.17
Net Income to Company	799.11	669.89	213.29	587.69	788.65	18.17
Minority Interest in Earnings	-3.25	-6.59	-1.89	-2.2	-1.32	0.92
Net Income	795.86	663.3	211.4	585.49	787.34	19.09
Net Income to Common	795.86	663.3	211.4	585.49	787.34	19.09
Net Income Growth	34.77%	213.76%	-63.89%	-25.64%	4024.12%	-95.07%
Basic Shares Outstanding	38	38	38	38	36	34
Diluted Shares Outstanding	38	38	38	38	36	34
Shares Change (YoY)	1.22%	0.03%	0.43%	4.51%	5.58%	19.11%
EPS (Basic)	20.83	17.43	5.56	15.52	21.83	0.56
EPS (Diluted)	20.69	17.43	5.56	15.46	21.73	0.56
EPS Growth	33.11%	213.56%	-64.05%	-28.85%	3803.57%	-95.86%
Dividend Per Share	-	-	-	-	1.380	-
Operating Margin	56.25%	55.98%	47.46%	36.69%	43.49%	40.85%
Profit Margin	54.85%	44.27%	15.40%	50.42%	68.60%	2.02%
EBITDA	822.38	844.79	655.81	430.23	503.29	392.83
EBITDA Margin	56.68%	56.38%	47.79%	37.05%	43.85%	41.46%
D&A For Ebitda	6.25	5.93	4.58	4.14	4.21	5.8
EBIT	816.13	838.86	651.23	426.09	499.08	387.04
EBIT Margin	56.25%	55.98%	47.46%	36.69%	43.49%	40.85%
Effective Tax Rate	20.59%	21.80%	19.98%	20.62%	15.38%	63.96%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.